Advanced Container Technologies (Advanced Container Technologies) Change In Inventory : $-0.08 Mil (TTM As of Sep. 2022)

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What is Advanced Container Technologies Change In Inventory?

Advanced Container Technologies's change in inventory for the quarter that ended in Sep. 2022 was $-0.02 Mil. It means Advanced Container Technologies's inventory increased by $0.02 Mil from Jun. 2022 to Sep. 2022 .

Advanced Container Technologies's change in inventory for the fiscal year that ended in Dec. 2021 was $-0.33 Mil. It means Advanced Container Technologies's inventory increased by $0.33 Mil from Dec. 2020 to Dec. 2021 .

Advanced Container Technologies's Total Inventories for the quarter that ended in Sep. 2022 was $0.45 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advanced Container Technologies's Days Inventory for the quarter that ended in Sep. 2022 was 83.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Advanced Container Technologies's Inventory Turnover for the quarter that ended in Sep. 2022 was 1.10.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Advanced Container Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.70.

Advanced Container Technologies Change In Inventory Historical Data

The historical data trend for Advanced Container Technologies's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Advanced Container Technologies Change In Inventory Chart

Advanced Container Technologies Annual Data

Trend

Jun00

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Inventory

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-0.10

0.04

0.09

-0.02

-0.33

Advanced Container Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Inventory	Get a 7-Day Free Trial															-0.06	-0.07	0.08	-0.07	-0.02

Advanced Container Technologies Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.08 Mil.

Advanced Container Technologies (OTCPK:ACTX) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Advanced Container Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.4435	/	0.486	*	365 / 4
	=	83.27

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Advanced Container Technologies's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.486	/	0.4435
	=	1.10

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Advanced Container Technologies's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4435	/	0.634
	=	0.70

Advanced Container Technologies Change In Inventory Related Terms

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Advanced Container Technologies (Advanced Container Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advanced Container Technologies Inc (OTCPK:ACTX) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

1620 Commerce Street, Suite A, Corona, CA, USA, 92878

Website

https://www.advancedcontainertechnologies.com

Advanced Container Technologies Inc is in the business of selling and marketing proprietary plastic medical grade containers in the United States. The company's flagship product is Medtainer, which can store grind and shred pharmaceuticals, herbs, teas, and other solids or liquids. It's another product is GrowPods, which are specially modified insulated shipping containers in which plants, herbs, and spices may be grown hydroponically in a controlled environment. Its other products include Humidity pack inserts, Plastic lighter holders, Jars, and Lighters.